NEW YORK, 25 November 2021 / PRNewswire / – The market size for fire protection systems is expected to grow by $ 12.66 billion from 2021 to 2026 to a 6.58% CAGR according to the latest Technavio report. Carrier Global Corp., Gentex Corp., Halma Plc, HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, Minimax Viking GmbH, Robert Bosch GmbH, SECURITAS AG and Siemens AG are some of the major players in the fire protection systems market.
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The market is fragmented, and the degree of fragmentation will accelerate over the forecast period. The the integration of smoke detectors with IoT and big data, and growing concerns of governments to prevent fire risks will offer immense opportunities for growth. However, factors such as integration of user interfaces with fire protection solutions can threaten market growth.
To take advantage of current opportunities, market sellers need to strengthen their presence in fast growing segments while maintaining their positions in slow growing segments.
Fire Protection Systems Market 2022-2026: Scope
The report also covers the following areas:
Fire Protection Systems Market 2022-2026: Segmentation
2022-2026 Fire Protection Systems Market: Key Regions and Revenue Generating Segment
36% of market growth will come from APAC. China and Japan are the key markets for fire protection systems in APAC. The development of the construction industry across the globe will facilitate the growth of the APAC fire protection systems market during the forecast period.
The fire protection systems market growth from the fire detection segment has been important for income generation. The Technavio report provides an accurate prediction of the contribution of all segments to the Fire Protection Systems market size growth.
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Fire Protection Systems Market 2022-2026: Highlights
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Market CAGR during the forecast period 2022-2026
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Detailed information on the factors that will contribute to the growth of the Fire Protection Systems market over the next five years
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Estimated Fire Protection Systems Market Size and Its Contribution to Parent Market
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Predictions on upcoming trends and changes in consumer behavior
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The growth of the fire protection systems market
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Market competitive landscape analysis and detailed supplier information
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Complete details on the factors that will challenge the growth of the Fire Protection Systems Market vendors
Associated reports:
Fire extinguisher market –The market size for fire extinguishers is expected to grow by $ 1.54 billion and registers a CAGR of 4.94% in 2021-2025. Download a free sample now!
Fire Detection and Extinguishing Systems Market –The market size for fire detection and extinguishing systems is expected to grow by $ 5.04 billion and register a 5% CAGR during 2021-2025. Download a free sample now!
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Scope of the Fire Protection Systems Market |
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Cover of the report |
Details |
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Page number |
120 |
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Year of reference |
2021 |
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Forecast period |
2022-2026 |
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Growth dynamics and CAGR |
Accelerate to a CAGR of 6.58% |
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Market growth 2022-2026 |
$ 12.66 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
5.98 |
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Regional analysis |
North America, APAC, Europe, MEA and South America |
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Efficient contribution to the market |
36% APAC |
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Main consumer countries |
United States, China, United Kingdom, Germany and Japan |
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Competitive landscape |
Leading companies, competitive strategies, reach of consumer engagement |
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Profiled companies |
Carrier Global Corp., Gentex Corp., Halma Plc, HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, Minimax Viking GmbH, Robert Bosch GmbH, SECURITAS AG and Siemens AG |
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Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period |
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Customization overview |
If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments. |
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